PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1371526
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1371526
Infrared Detector Market Assessment, By Type, By Spectral Range, By Application, By Region, Opportunities and Forecast, 2016-2030F
Global infrared detector market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years. With projected revenue of approximately USD 1047.6 million in 2022, the market is forecasted to reach a value of USD 478.2 million by 2030, displaying a robust CAGR of 10.3% from 2023 to 2030.
Infrared detectors provide advantages, including detecting undetectable heat signatures to the naked eye allowing applications in night vision, thermography, and remote sensing. It boosts security by detecting intruders and possible fires and energy efficiency in various businesses through temperature monitoring and management.
The infrared detector market is expanding due to increased demand for surveillance, automobile safety systems, and industrial automation applications. Emerging technologies like self-driving cars and augmented reality will increase the industry. Furthermore, the demand for improved night vision capabilities in defense and security applications drives constant advancements in infrared detector technology.
The market for infrared detectors is expected to grow significantly due to upcoming technologies such as self-driving automobiles and augmented reality. In the automobile industry, infrared detectors play an important part in advanced driver-assistance systems (ADAS) by enabling night vision and improving road safety. Meanwhile, these detectors are employed in augmented reality apps for gesture identification and tracking, providing immersive user experiences. The infrared detector market is projected to prosper as these technologies become more prominent in daily lives due to continuing advancements and expanding applications.
For instance, in May 2023, Excelitas Technologies demonstrated its night vision, thermal imaging, surveillance, and target localization capabilities during SOF Week. Thermal weapon sights, night vision goggles, cooled thermal sniper sights, fused weapon sights, and thermal surveillance systems for military purposes were among the portfolio.
IoT Integration Fuels Infrared Detector Market
The growing adoption of IoT is a significant contributor to the expansion of the infrared detector market. In IoT applications, infrared detectors are integrated into smart home and industrial automation systems, offering many benefits. These detectors enable precise intrusion detection for smart homes by sensing human presence and motion. Additionally, it plays a crucial role in temperature monitoring, ensuring energy-efficient climate control. Infrared detectors enhance energy management by continuously monitoring occupancy and environmental conditions, reducing consumption and costs. In industrial settings, IoT-driven infrared detectors are instrumental in optimizing processes, increasing efficiency, and reducing downtime. They enable real-time monitoring of equipment conditions, detecting overheating or malfunctions before escalations.
For example, in April 2023, At SPIE Defense + Commercial Sensing, Excelitas Technologies demonstrated defense and aerospace technologies, including a session on long-range thermal imaging and the debut of the MWIR RaptIR camera series.
Infrared Detectors are Bringing Innovation in Healthcare
Infrared detectors drive healthcare innovation by providing non-invasive temperature measurement, thermal imaging, and anomaly detection in medical equipment. The detectors facilitate early diagnosis, real-time patient monitoring, and advanced imaging capabilities. Rapid detection of fever symptoms or abnormalities allows for more timely medical treatments and raises patient care standards. As the healthcare industry embraces technological advancement, the demand for dependable and high-precision infrared detectors rises, driving market expansion. As the healthcare industry actively adopts these cutting-edge technologies, these advancements improve patient outcomes and fuel the rise of the global infrared detector market.
For example, in November 2022, Excelitas Technologies released high-precision TPiS 1T1386 L5.5H IR Temperature Sensor, which is excellent for medical applications and features accuracy, adjustable thresholds, low power consumption, and quick over-temperature protection.
People And Motion Sensing to Dominate the Market Share
People and motion sensing dominate the infrared detector market because of its extensive use in security systems, smart homes, and commercial automation. Infrared motion detectors use passive infrared (PIR) technology to detect heat and movement, making them ideal for intruder detection and energy-efficient lighting management. The detectors are critical components in the rising need for smart and secure surroundings. It improves security, decreases energy usage, and allows automation, positioning them as a dominant force in the market's development and progression toward smarter and more energy-efficient places.
For instance, in September 2022, Excelitas Technologies launched the PCO.pixelflyTM 1.3 SWIR Camera at VISION Stuttgart 2022, with exceptional sensitivity in the shortwave infrared region and adaptability for various applications.
Asia-Pacific Dominates the Infrared Detector Market
Government Initiatives Acting as Catalyst for the Market Growth
Impact of COVID-19
Impact of Russia-Ukraine War
Key Players Landscape and Outlook
Table of Contents
1. Research Methodology
2. Project Scope & Definitions
3. Impact of COVID-19 on the Global Infrared Detector Market
4. Impact of Russia-Ukraine War
5. Executive Summary
6. Voice of Customer
- 6.1. Product and Market Intelligence
- 6.2. Mode of Brand Awareness
- 6.3. Factors Considered in Purchase Decisions
- 6.3.1. Features and other value-added service
- 6.3.2. IT Infrastructure Compatibility
7. Global Infrared Detector Market Outlook, 2016-2030F
8. Global Infrared Detector Market Outlook, By Region, 2016-2030F
9. Market Mapping, 2022
10. Macro Environment and Industry Structure
11. Market Dynamics
12. Key Players Landscape
13. Pricing Analysis
14. Case Studies
15. Key Players Outlook
16. Strategic Recommendations
17. About Us & Disclaimer
List of Tables
- Table 1. Pricing Analysis of Products from Key Players
- Table 2. Competition Matrix of Top 5 Market Leaders
- Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 4. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1. Global Infrared Detector Market, By Value, in USD Million, 2016-2030F
- Figure 2. Global Infrared Detector Market, By Volume, in Units, 2016-2030F
- Figure 3. Global Infrared Detector Market Share, By Type, in USD Million, 2016-2030F
- Figure 4. Global Infrared Detector Market Share, By Spectral Range, in USD Million, 2016-2030F
- Figure 5. Global Infrared Detector Market Share, By Application, in USD Million, 2016-2030F
